GULFPORT, Miss.--(BUSINESS WIRE)--Horizon Energy Corporation (OTCQB:HORI) today announces it is evaluating oil and natural gas prospects for drillable opportunities through its recent agreement with South Texas-based T-JAY Exploration, LLC. As part of this process, Horizon will be reviewing valuable 3D seismic data from the areas under consideration. T-JAY has proprietary ownership and license to more than 2,300 square miles of 3D seismic data, which will be made available to Horizon.
The leases are located in the South Texas counties of Victoria and San Patricio.
"T-JAY Exploration is pleased to be working with Horizon Energy in its endeavor to garner sustainable producing oil and gas assets through the evaluation of our internally generated prospects,” said Kyle Long, Vice President of Business Development, T-JAY Exploration, commenting on the agreement with Horizon. He added, “Our substantial 3D seismic data base has allowed us the ability to generate numerous, high-quality prospects, of which Horizon will have the opportunity to qualify, purchase, and move forward with drilling in a prudent and expedient manner. We look forward to cultivating a strong and lasting relationship with the Horizon team."
3D seismic exploration technology was pioneered by ExxonMobil and advanced by other leading oil and gas corporations such as Schlumberger. It uses sound waves to form sharp three-dimensional images of underground formations, facilitating the location of oil and gas deposits. According to an article in Forbes magazine, technology such as 3D seismic imaging has improved the productivity of the typical oil or gas rig on U.S. fields between 200 and 300 percent.
The agreement with T-JAY is part of Horizon’s ongoing efforts to identify prospective opportunities for the exploration, development and production of domestic oil and gas.
For more information about Horizon Energy Corporation, please visit the company’s website at www.horizonenergyusa.com.
About T-JAY Exploration, LLC
T-JAY EXPLORATION, LLC is a privately held company specializing in Texas and Louisiana Gulf Coast oil and natural gas acquisition, exploration, and development. The company combines industry skills and experience with leading edge technology to generate consistent drillable prospect opportunities. T-JAY integrates strategically aligned relationships, garnering their collective abilities to take oil and gas ventures from inception through investment and finally to drilling, completion, and production, earning excellent returns on investment.
About Horizon Energy Corporation
Horizon Energy Corporation was incorporated in the state of Wyoming in 2010. Its business model and scope of operation includes traditional and nontraditional energy sector opportunities. It is currently in the business of acquiring, discovering and developing oil and gas properties in Texas, focusing on small or mature fields, creating value through economies of scale.
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